Journal of Economic Behavior & Organization (JEBO) calls for papers for a Special Issue on “The Shadow Economy, Tax Behaviour and Institutions” Shadow economy and tax non-compliance are extensively studied in...

The COVID has spread in Latin America at a later stage of industrialized countries. Even if such states had a better understanding and more available information on how to face the...

I estimate the effect of the minimum wage on formal wages, informal wages, and employment in Colombia. I exploit an unexpected increase in the real minimum wage during 1999. My analysis...

According to the gradient allocation principle based on a positively homogeneous and subadditive risk measure, the capital allocated to a sub-portfolio is the Gâteaux derivative, assuming it exists, of the underlying...

We reexamine the effect of immigration on public finances by accounting for second-order effects. We exploit exogenous variation in immigration across Colombian metropolitan areas between 2013 and 2018,resulting from the large...

Provision of new subsidized housing projects has proven to be an effective alternative to reduce the high level of quantitative housing deficit in developing countries. However less is known about how...

We analyse the heterogeneity of exchange rate forecasts by a panel of professional forecasters. Adopting the view that forecasters’ economic behaviour is such that they constantly collect, process and analyse relevant...

It is well known that formal credit can improve household’s wellbeing in developing countries, however, its relationship to informal credit as a substitute or complement is uncertain. This study aims to...

The concept of Granger causality is an important tool in applied macroeconomics. Recursive econometric methods to analyze the temporal stability of Granger-causal relationships have recently been developed. These recursive procedures are used to re-evaluate the...

The majority of people in developing countries are self-employed and can therefore set their own work hours. How do self-employed individuals motivate themselves to work hard day after day? We document...